Cadiz Depositary Shares Preferred Stock Market Value
| CDZIP Preferred Stock | USD 19.60 0.15 0.77% |
| Symbol | Cadiz |
Cadiz 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cadiz's preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cadiz.
| 01/10/2024 |
| 12/30/2025 |
If you would invest 0.00 in Cadiz on January 10, 2024 and sell it all today you would earn a total of 0.00 from holding Cadiz Depositary Shares or generate 0.0% return on investment in Cadiz over 720 days. Cadiz is related to or competes with Artesian Resources, Global Water, New Fortress, Pure Cycle, York Water, Ellomay Capital, and Montauk Renewables. Cadiz Inc., together with its subsidiaries, operates as a natural resources development company in the United States More
Cadiz Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cadiz's preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cadiz Depositary Shares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5917 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.51 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.03 |
Cadiz Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cadiz's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cadiz's standard deviation. In reality, there are many statistical measures that can use Cadiz historical prices to predict the future Cadiz's volatility.| Risk Adjusted Performance | 0.0784 | |||
| Jensen Alpha | 0.0553 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (6.67) |
Cadiz Depositary Shares Backtested Returns
Currently, Cadiz Depositary Shares is very steady. Cadiz Depositary Shares secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12 % return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Cadiz Depositary Shares, which you can use to evaluate the volatility of the firm. Please confirm Cadiz's mean deviation of 0.3582, and Risk Adjusted Performance of 0.0784 to double-check if the risk estimate we provide is consistent with the expected return of 0.0644%. Cadiz has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0082, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cadiz are expected to decrease at a much lower rate. During the bear market, Cadiz is likely to outperform the market. Cadiz Depositary Shares right now shows a risk of 0.55%. Please confirm Cadiz Depositary Shares standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Cadiz Depositary Shares will be following its price patterns.
Auto-correlation | 0.74 |
Good predictability
Cadiz Depositary Shares has good predictability. Overlapping area represents the amount of predictability between Cadiz time series from 10th of January 2024 to 4th of January 2025 and 4th of January 2025 to 30th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cadiz Depositary Shares price movement. The serial correlation of 0.74 indicates that around 74.0% of current Cadiz price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 1.77 |
Cadiz Depositary Shares lagged returns against current returns
Autocorrelation, which is Cadiz preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cadiz's preferred stock expected returns. We can calculate the autocorrelation of Cadiz returns to help us make a trade decision. For example, suppose you find that Cadiz has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cadiz regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cadiz preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cadiz preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cadiz preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Cadiz Lagged Returns
When evaluating Cadiz's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cadiz preferred stock have on its future price. Cadiz autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cadiz autocorrelation shows the relationship between Cadiz preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Cadiz Depositary Shares.
Regressed Prices |
| Timeline |
Pair Trading with Cadiz
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cadiz position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cadiz will appreciate offsetting losses from the drop in the long position's value.Moving against Cadiz Preferred Stock
The ability to find closely correlated positions to Cadiz could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cadiz when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cadiz - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cadiz Depositary Shares to buy it.
The correlation of Cadiz is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cadiz moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cadiz Depositary Shares moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cadiz can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Cadiz Preferred Stock Analysis
When running Cadiz's price analysis, check to measure Cadiz's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cadiz is operating at the current time. Most of Cadiz's value examination focuses on studying past and present price action to predict the probability of Cadiz's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cadiz's price. Additionally, you may evaluate how the addition of Cadiz to your portfolios can decrease your overall portfolio volatility.